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Comment for Proposed Rule 75 FR 3281

  • From: Ben Letto
    Organization(s):
    SBG Trading Corp

    Comment No: 775
    Date: 1/19/2010

    Comment Text:

    i0-001
    COMMENT
    CL-00775
    From:
    Sent:
    To:
    Subject:
    Ben L
    Tuesday, January 19, 2010 6:15 PM
    secretary
    Regulation of Retail Forex
    I'd like to comment regarding RIN 3038-AC61.
    I'm a trading professional and I work for traders. Most of them are currency traders. I oppose any
    consideration that moves to limit the leverage in spot currency trading below 100:1. I admire your
    desire to protect new traders from the dangers of high leverage trading. However, moving the leverage
    below 100:1 will have a negative effect on existing, profitable traders and it will also unduly discourage
    new traders from entering the industry.
    Thank you for your time,
    Ben Letto
    SBG Trading Corp.
    www.affordableindicators.com
    www.B ackToTheFutureTrading, corn